Sigma Labs Inc (SASI)

[kanya]

In closing, I highlight these steps because they are critical to scale. The market has an approximate installed base or a total addressable market of about 12,000 metal AM systems today. With a growth rate of approximately 20% year-over-year, that’s greater than 2,000 new systems entering the market every year. By the end of 2025, we feel it’s achievable to address more than 10% of the marketplace quality needs at software-only subscription. This would conservatively yield a year-over-year revenue stream of approximately $65 million.

For those less bullish, a minor 3% penetration rate would still yield a conservative revenue stream of greater than US$20 million. All that said, this is before we even address any of the other modalities such as polymer or other metal markets, both of which we have solutions today and others underway. For reference, for those on the call, polymer market size is about 10x that of metal.